ProAssurance Corp - Company Profile
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ProAssurance Corp (ProAssurance) is a holding company for property and casualty insurance companies. The company primarily engages in providing specialty property and casualty insurance and workers' compensation insurance. Its major products include medical professional liability insurance and liability insurance for medical technology and life sciences risks. ProAssurance serves healthcare providers, medical technology companies, and life sciences entities, offering coverage for healthcare professionals and institutions. The company's products are distributed through appointed independent agents. ProAssurance operates in the US, focusing on the East, South, and Midwest regions. ProAssurance is headquartered in Birmingham, Alabama, the US.
Headquarters
United States of America
Address
100 Brookwood Pl, Birmingham, Alabama, 35209
Website
www.proassurance.com
Telephone
1 205 8774400
No of Employees
972
Industry
Financial Services
Ticker Symbol & Exchange
PRA (NYSE)
Revenue (2024)
$1.1B
-3.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-3.5%
(2024 vs 2023)
Market Cap*
$1.3B
Net Profit Margin (2024)
XYZ
-0.4%
(2024 vs 2023)
* As of and is in US$
ProAssurance Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Insurance: | Claims Management |
| Medical Professional Liability | Risk Management |
| Medical Technology and Life Sciences | Underwriting |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Ownership Changes | In June, the company was acquired by The Doctors Company for US$1.3 billion. |
| 2025 | Regulatory Approval | In June, the company's stockholders approved the acquisition by The Doctors Company. |
| 2023 | Contracts/Agreements | In June, the company entered into a partnership with Caresyntax to provide Caresyntax surgical intelligence tools to ProAssurance’s insured surgeons. |
Competitor Comparison
| Key Parameters | ProAssurance Corp | The Hartford Insurance Group Inc | CNA Financial Corp | W. R. Berkley Corp | Selective Insurance Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Birmingham | Hartford | Chicago | Greenwich | Branchville |
| State/Province | Alabama | Connecticut | Illinois | Connecticut | New Jersey |
| No. of Employees | 972 | 19,200 | 6,600 | 8,804 | 2,800 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Bruce D. Angiolillo | Chairman | Executive Board | 2022 | 73 |
| Edward Lewis Rand Jr. | Chief Executive Officer; President; Director | Executive Board | 2019 | 59 |
| Dana Shannon Hendricks | Treasurer; Executive Vice President; Chief Financial Officer | Senior Management | 2018 | 58 |
| Noreen Lynn Dishart | Chief Human Resources Officer; Executive Vice President | Senior Management | 2020 | 62 |
| Robert D. Francis | President - Healthcare Professional Liability | Senior Management | 2023 | 63 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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